Iraqi Currency Lawsuit - Web Only Story

CHICAGO (AP) -- Illinois' attorney general is suing several companies, alleging that the Iraqi currency they're peddling over the Internet is a scam.

Lisa Madigan says dozens of customers who sent in their money looking to buy Iraqi currency called dinars (DEE'-nars) have gotten nothing in return.

Madigan says that when company officials began fielding complaints, they simply changed the company's name and kept advertising.

Madigan, in the lawsuit filed Monday, says the companies were operating without a state license required of anyone selling or exchanging foreign currency for compensation.

Madigan is seeking 50-thousand dollars in civil penalties and additional penalties of 50-thousand dollars for each violation.


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